September 21, 2016 / 9:47 AM / 2 years ago

S.Korea buys 3,500 T copper, 1,000 T zinc for Nov

SEOUL, Sept 21 (Reuters) - South Korea bought 3,500 tonnes
of copper and 1,000 tonnes of zinc for November and reissued a
tender to seek another 1,000 tonnes of zinc, the state-run
Public Procurement Service said on its website (
    The agency sought to buy a combined 2,000 tonnes of zinc via
tenders that closed on Wednesday, but it passed to purchase
1,000 tonnes of zinc due to low participation.
    The reissued tender for zinc with a minimum purity of 99.995
percent will close at 2 pm (0500 GMT) on Sept. 27 and bids will
open an hour after the deadline.
    Details of the purchase and the tender are as follows:
    --Copper, Zinc purchase
        Copper        3,500   Chile        $57/ Andus Metal
          Zinc        1,000   South Korea  $185/ Youngpoong Corp
    *Note: The above premiums were made over London Metal
Exchange (LME) prices.
    --Reissued zinc tender
          1,000    Nov.11/busan
    *Note: Two countries as origin is not acceptable and the
metal products should be from London Metal Exchange
(LME)-registered brands.

 (Reporting By Jane Chung; Editing by Gopakumar Warrier)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below